Alibaba.com triples IPO price

Alibaba.com, perhaps the most anticipated IPO since Google, nearly tripled in price to HK$39.50 after opening at HK$13.50. If you weren't able to catch any shares, you may get some vicarious plesure from analyst quotes about the company. Hong Kong investors "trade stocks like they're playing at the baccarat table." "There is a total absence of reason and cause" for the high price of the stock. "It's irrational and foolish." Yahoo, which owns 39 percent of parent company Alibaba Group, bought an additional $100 million in Alibaba.com shares. I'm betting they're happy.